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Results 11 to 20 of 488
  1. #11
    Date : 5th November 2014

    EURUSD SLIPPED BELOW THE 1.2500 LEVEL IN THE EUROPEAN SESSION. ISM NON-MANUFACTURING PMI FROM THE UNITED STATES ON TAP.


    EURUSD rose yesterday and closed at 1.2544. The European Commission downgraded the economic growth projections for the Eurozone to 0.8 percent for 2014 and 1.1 percent for 2015 from the previous 1.2 and 1.7 percent for the same periods citing the slowdown in the global economy. The inflation forecast for the Eurozone was also lowered to 0.8 percent for 2015 and 1.5 percent for 2016.

    The US dollar lost ground after worse than expected Factory Orders report. In September the factory orders in the largest economy of the world dropped 0.6 percent.

    A report indicated that the ADP Non-Farm Employment Change in the United States rose to a reading of 230K in October. Market had expected a drop to 214K. Investors are now looking forward for the ISM Non-Manufacturing PMI due from the United States later today.

    Support for the EURUSD is seen at 1.2459 and resistance is seen at 1.2585.



    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.

  2. #12
    Date : 6th November 2014

    EURUSD TRADING HIGHER AHEAD OF THE ECB MINIMUM BID RATE DECISION AND PRESS CONFERENCE.


    EURUSD dropped yesterday and closed at 1.2485. The Retail Sales in the Eurozone dropped to a reading of -1.3 percent on a monthly basis in September. The Final Services in the EU slowed down to a level of 52.3 in October.

    In the United States the Republicans gained control over the US senate for a first time since 2006 during the midterm 2014 elections.

    In the economic news the US ISM Non-Manufacturing PMI dropped to a level of 57.1 in October. On the other hand the ADP Non-Farm Employment Change came out better than the market expectations at a reading of 230K in October.

    Investors are now looking forward for the ECB Minimum Bid Rate Decision and the ECB Press Conference due from the Europe and the Unemployment Claims report due from the United States. Depending on the outcome of the releases we might witness high volatility on the market and investors should be fully aware of that.

    Support for the EURUSD is seen at 1.2459 and resistance is seen at 1.2585.

    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

  3. #13
    Date : 7th November 2014

    EURUSD PUSHED BELOW THE 1.2400 LEVEL AFTER THE ECB PRESS CONFERENCE. US NON-FARM PAYROLLS REPORT ON TAP.


    EURUSD dropped sharply yesterday and closed at 1.2374. The President of the European Central Bank Mario Draghi indicated yesterday that the policymakers are preparing additional stimulus measures to inject liquidity in the economy of the Eurozone if needed. ECB maintained its Minimum Bid Rate at 0.05 percent in line with the market expectations.

    Data released from the United States indicated that the number of people claiming initial unemployment benefits dropped to 278K during the last week. The President of the United States Federal Reserve in Cleveland Loretta Mester anticipated a rise in the interest in the largest economy in the world to come sometime in 2015, citing the stable inflation.

    Investors are now focused on the outcome of the US Non-Farm Payrolls report and the Unemployment Rate data. Later today the President of the United States Federal Reserve Janet Yellen speaks at the Bank of France’s Symposium “Central Banking: The Way Forward?,” in Paris.

    Support for the EURUSD is seen at 1.2368 and resistance is seen at 1.2563.

    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

  4. #14
    Date : 10th November 2014

    EURUSD TRADING HIGHER IN THE EUROPEAN SESSION. LIGHT ECONOMIC CALENDAR TODAY.


    EURUSD rose on Friday and closed at 1.2454. The Non-Farm Payrolls in the United States rose less than the market expectations to a level of 214K in October. Market had expected an increase of 235K. On the other hand the Unemployment Rate in the largest economy in the world dropped to a level of 5.8 percent in October reaching its lowest level since 2008. The Average Hourly Earnings in the US recorded a gain of 0.1 percent on a monthly basis in October. The Fed Chair Janet Yellen pointed towards the weak government support across the globe as a reason for the global economic slowdown.

    The President of the United States Federal Reserve in Chicago Charles Evans urged the US central bank to remain patient while increasing the interest rates. He also opined that the US economy will grow 3 percent in the next 18 months, but remained skeptical for the inflation to reach the 2 percent target soon.

    Support for the EURUSD is seen at 1.2368 and resistance is seen at 1.2526.

    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

  5. #15
    Date : 13th November 2014

    EURUSD TRADING HIGHER AHEAD OF THE UNEMPLOYMENT CLAIMS REPORT. FED CHAIR JANET YELLEN SPEAKS LATER TODAY.

    EURUSD dropped yesterday and closed at 1.2434. The President of the European Central Bank Mario Draghi stated that ECB is ready to take further unconventional measures if the inflation expectations in the Eurozone weaken further. He also stated that the interest rates in the region will remain at the record low levels for an extend period of time.

    Hotforex - Daily Market Analysis

    In the economic news the Industrial Production in the Eurozone rose 0.6 percent on a monthly basis in September. The German Wholesale Price Index dropped -0.6 percent on a monthly basis in October.

    The President of the United States Federal Reserve in Philadelphia Charles Plosser stated that Fed should raise the interest rates sooner than later, citing the considerable progress of the US economy. On the other hand the President of Minneapolis Fed Narayana Kocherlakota stated that raising the rates of 2015 would be inappropriate due to the fragile nature of the US economic recovery.

    Investors are now looking forward for the Unemployment Claims report and the speech of the Fed Chief Janet Yellen due later today.

    Support for the EURUSD is seen at 1.2404 and resistance is seen at 1.2507.

    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

  6. #16
    Date : 17th November 2014

    EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. ECB PRESIDENT MARIO DRAGHI SPEAKS LATER TODAY.


    EURUSD rose on Friday and closed at 1.2523. The Gross Domestic Product in the Eurozone rose 0.2 percent in the 3rd quarter of 2014. The ECB Executive Board Member Benoit Coeure stated that fiscal policy should be used together with the monetary policies to spur the growth in the Euro are, cause the monetary policies alone cannot do the job.

    Data from the United States showed that the Retail Sales in the largest economy in the world rose more than expected on a monthly basis registering a 0.3 percent rise in October. The Preliminary University of Michigan Consumer Sentiment recorded its highest reading since July 2007 coming at 89.4 in November. The Business Inventories in the United States also recorded a gain of 0.3 percent in line with the market expectations in September. On Friday the President of the United States Federal Reserve in St Louis, James Bullard hinted that the FOMC would raise the key interest rates in 2015 and it would depend on macroeconomic data.

    In the mean time EURUSD continues to print new session lows in the European session. Investors are looking forward for the speech of the President of the European Central Bank Mario Draghi on Monetary Policy before the Committee on Economic and Monetary Affairsin Brussels.

    Support for the EURUSD is seen at 1.2404 and resistance is seen at 1.2568.

    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

  7. #17
    Date : 18th November 2014

    EURUSD PUSHED ABOVE THE 1.2500 LEVEL AFTER BETTER THAN EXPECTED ZEW ECONOMIC SENTIMENT REPORTS.


    EURUSD dropped yesterday and closed at 1.2448. During his speech yesterday, the President of the European Central Bank Mario Draghi reinforced the commitment of the central bank for using additional unconventional measures to stimulate the growth in the Euro area if needed. The ECB Executive Board Member Yves Mersch cautioned about the possible negative effects of sovereign bond purchases which according to Draghi remain as an option.

    Data released from the United States showed that the Industrial Production in the largest economy in the world unexpectedly dropped 0.1 percent on a monthly basis in October. Another report indicated that the Empire States Manufacturing Index rose less than expected to a reading of 10.6 in November, but recorded a sharp gain from the previous month’s reading of 6.17.

    The German ZEW Economic Sentiment data released today indicated a sharp rise to 11.5 in November. Market had expected a reading of 0.9. The ZEW Economic Sentiment in the Eurozone followed the positive tone coming at a reading of 11.0 in November against the market expectations of 4.3.

    Data released from the United States showed that the Producer Price Index in the US rose more than expected in October recording a gain of 0.2 percent.

    Support for the EURUSD is seen at 1.2445 and resistance is seen at 1.2568.

    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

  8. #18
    Date : 19th November 2014

    LOW VOLATILITY ON EURUSD AHEAD OF THE US BUILDING PERMITS DATA. FOMC MEETING MINUTES ON TAP TODAY.


    EURUSD rose yesterday and closed at 1.2536. The German ZEW Economic Sentiment rose to a level of 11.5 in November registering its first rise since December 2014. The ECB Governing Council Member Klass Knot mentioned that the ECB is ready to use additional QE measures if needed including government bonds.

    Data from the United States indicated that the NAHB Housing Market Index surprisingly rose to a reading of 58.0 in November. The Producer Price Index also rose registering a rise of 0.2 percent on a monthly basis in October.

    Investors are now looking forward for the Building Permits and Housing Starts reports due from the United States in the afternoon. The FOMC Meeting Minutes are the top fundamental event scheduled on the Economic Calendar for the day ahead. Investors should be fully aware that during the time of the release there might be high volatility on the market.

    Support for the EURUSD is seen at 1.2444 and resistance is seen at 1.2547.

    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

  9. #19
    Date : 20th November 2014

    EURUSD TRADING SIDEWAYS AHEAD OF THE CPI AND UNEMPLOYMENT CLAIMS DATA FROM THE UNITED STATES.


    EURUSD rose yesterday and closed at 1.2553. The ratings agency S&P warned the European Central Bank about its monetary stimulus program yesterday. According to the S&P the associated with it could potentially lead to another recession in the EU. The FOMC Meeting Minutes in the United States indicated that the policymakers discussed the option to retain the interest rates to the current low levels for a longer period. Later on they came to a conclusion that the rate increases would depend on the economic situation in the largest economy of the world.

    On the economic front the Building Permits in the US surprised the markets recording a rise of 1.08M in October.

    Investors are now looking forward for the CPI data and the Unemployment Claims report due from the United States.

    Support for the EURUSD is seen at 1.2444 and resistance is seen at 1.2547.

    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

  10. #20
    Date : 21st November 2014

    EURUSD TRADING SHARPLY LOWER AFTER COMMENTS FROM THE ECB PRESIDENT MARIO DRAGHI.


    EURUSD dropped yesterday and closed at 1.2539. Data released yesterday indicated that the German Flash Manufacturing Purchasing Managers Index dropped to a level of 50.0 in November. The German Flash Services PMI also dropped to a level of 52.1 in November. The negative tone was also seen in the general releases for the Eurozone where the Flash Manufacturing PMI dropped to a level of 50.4 and the Flash Services PMI dropped to a level of 51.3 in November.

    Hotforex - Daily Market Analysis

    Data from the United States revealed that the Consumer Price Index in the largest economy in the world remained steady in October coming at 0.0 percent against the market expectations of a drop with -0.1 percent. The Philly Fed Manufacturing Activity was the most surprising release of the day with its reading of 40.8 in November which is a 21-year high level. The Existing Home Sales report from the US added to the positive tone after reaching a level of 5.26M in October.

    During his speech today the President of the European Central Bank Mario Draghi said that the European Central Bank must raise the inflation in the Eurozone as fast as possible and will broaden its asset purchase program if needed. The markets reacted to his speech and the EURUSD dropped sharply.

    Support for the EURUSD is seen at 1.2412 and resistance is seen at 1.2512.

    Hotforex - Daily Market Analysis

    Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
    HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers. Retail, IB and White Label Clients have the opportunity to access interbank spreads and liquidity via state of the art automated trading platforms.

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